Examples of TimkenSteel Common Shares in a sentence
TimkenSteel will register the TimkenSteel Common Shares relating to the TimkenSteel Equity Compensation Awards and make any necessary filings with the appropriate Governmental Authorities as required under U.S. and foreign securities Laws.
Fractional TimkenSteel Common Shares will not be distributed in the Distribution nor credited to book-entry accounts.
The Put Option shall permit the Participant or Beneficiary to sell such TimkenSteel Common Shares under a fair valuation formula during the sixty (60) consecutive day period following the date the TimkenSteel Common Shares were distributed to the Participant or Beneficiary, at which time the Put Option will temporarily lapse.
The ESOP Account of each Participant shall be credited and debited periodically during each Plan Year in which the ESOP is maintained with any additions or reductions in the number of TimkenSteel Common Shares held for such Participant in the Plan due to the reallocation of the investment of the Participant’s Account, and with any stock and cash dividends paid on TimkenSteel Common Shares held in the Participant’s ESOP Account.
All other TimkenSteel Common Shares held in the Trust, including shares not voted by Eligible Participants or Beneficiaries or not yet allocated to Eligible Participants or Beneficiaries, are to be voted by the Trustee in conformity with applicable law, taking into account votes directed by Eligible Participants and Beneficiaries.
Such component of the Plan is designed to invest primarily in TimkenSteel Common Shares and consists of the ESOP Accounts of all Participants.
Fractional TimkenSteel Common Shares will not be distributed in the Distribution nor credited to book‑entry accounts.
Dividends described in this Section F will be paid to the Plan and reinvested in TimkenSteel Common Shares with respect to any Participant (or Beneficiary) who does not affirmatively elect to have such dividends paid to him.
At such times as TimkenSteel Common Shares are not readily tradable on an established market at the time of distribution of a Participant’s ESOP Account, the Company shall issue a Put Option to each Participant or Beneficiary receiving a distribution of TimkenSteel Common Shares from the Plan.
Each Participant, each Beneficiary who has succeeded to the interest of a Participant and each Alternate Payee (“Eligible Participants and Beneficiaries”) in this Plan shall have the authority to direct the exercise of voting rights as to whole TimkenSteel Common Shares held as part of the ESOP for the benefit of the Eligible Participant or Beneficiary as of the most current Valuation Date available preceding the record date for the shareholders’ meeting.